Custer chronicle. [volume] (Custer City, Black Hills, D.T. [S.D.]) 1880-1890, 1887-11-12
Fraud Denounced.

/
"The Engineering and Mining Journal
Of New York city in the October num-
ber devotes considerable space to the
blackmailing Of the tin districts of this
section, while in the same issue can be
found an immense send off for the
| Chadwick property-"several gulch
placer claims, fumes, monitors which
work under 100 feet head, water rights"
etc. The Engineering and Mining
Journal says Of the property that there
has been expended on it already about
$250,000. and is now under lease for
$4,000 a year. As final lift for old
Chadwick this always not reliable
journal says, "the company" Of which
Mr.. Chadwick u treasurer, lis to pay Its
first dividend of l per cent share on
November s." Comment on the incon-
sistency of the two articles referred to
is unnecessary. 1t is plain to all that
this New York authority on mining
news has slipped cog and has not only
exposed it's ignorance concerning the
really meritorious schemes Of this Sec
ton, but has fallen a victim to one OF
the most gigantic frauds on the Amer
lean continent. 1t would be considered
useless to call the attention OF the En-
gineering and Mining Journal to the
blunder il has made, were it not for the
fact that it prides itself in lending its
influence to the protection Of the public
from specific mining frauds, and asks
for the cooperation of daily papers in
exposing and thwarting the trickery
and swindling which it characterizes as
the bane of mining. Whatever has
been the influence of the Engineering
and Mining Journal in retarding the |
development of the tin resources Of the !
Black Hills it can be relied upon that it |
W De much less in the future when |
tb. Chadwick nefarious schemes are |
fuzzy ventilated by the lapse of time.
He is now nearing his end and it is but |
a question of few months before he |
will be forced to "show down." We
are sorry to note that this great author
itv on mining news has taken to crying |
down the development of metal that
would inure in an incalculable degree to |
the benefit of all the people of the I
United States, and open up one OF the /
richest mining countries in the world.
This fact combined with its rapidly |
over-zealous disposition to-
expose such old frauds as Chadwick, is !
to cause distrust in the honest
of the Engineering and Min
ing Journal. 1t was possible for mis-
take to be made concerning the true
of the tin districts of Penning-
ton county, but impossible for a mistake
to be made as to who and what Chad
wick is."
The above, taken from the Republi-
can, a newspaper published at Rapid
City, the nearest town to the Chadwick |
referred to, and headquarters
for the Chadwick company, will be
generally accepted as a just denuncia-
ton of scheme conceived and planned
for the purpose of profit at the expense
of over credulous eastern investors.
The course the Republican has taken in |
exposing this scheme will be, with |
possibly a single exception, commended
by the entire press of the Black Hills.
The CHRONICLE, Notwithstanding the
claim made by the Deadwood Times,
that that paper has stood alone in its
hostility to the Big Bend frauds, has
ever been fearlessly outspoken in its
condemnation of the schemes of this
company, which the back files of the
paper very clearly demonstrate, and
while we willingly accord the Times the
full measure of credit due for its per-
sistent course in exposing these willy
schemes, we cannot concede that 1T has
been alone in the matter, which would
seem to have resulted in the serious dis
comfture of this company, if not the
complete overthrow of their nefarious
schemes. If the Times desires to be
just, it will give this modest journal
credit for exposing these schemes to the
full extent of its limited ability, and
not wholly ignore our efforts, weak as
they may have been, to expose their
fraudulent character.